Sweden Gross Domestic Product expands 0.5% in Q3


In Sweden, the seasonally adjusted Gross Domestic Product grew by 0.5 percent compared with the second quarter of 2012 according to a release by Statistics Sweden.

Sweden's GDP increased by 0.7 percent, working-day adjusted and compared to the third quarter of 2011. Household consumption expenditures increased by 1.3 percent and general government consumption expenditures grew by 1.2 percent non-adjusted. The changes in inventories amounted to a positive GDP change of 0.3 percentage points. Gross fixed capital formation decreased by 0.4 percent. Exports decreased 2.3 percent and imports 0.7 percent. Production of goods and services increased 0.3 percent. Production of goods dropped by 0.4 percent while service sector industries grew by 0.8 percent working-day adjusted. Total employment, measured as the number of hours worked increased by 0.4 percent and the number of employed persons increased 0.6 percent.

 

Statistics Sweden | Nuno Fontes | nuno@tradingeconomics.com
12/17/2012 5:14:35 PM